Consulting Services > Diamond Teams®Diamond Teams®
Navigating you through any stage of your business.
At Herbers & Co., our comprehensive management consulting approach offers you a unified, integrated solution that addresses all aspects of your business needs.
√ Talent Acquisition
√ Compensation Design
√ Career Tracks
√ Partnership Programs
√ Organic Growth
√ Succession & Liquidity
What are Diamond Teams®?
A simple organizational structure redesign that has shaped thousands of financial advisory firms worldwide since 2013.
Benefits of Diamond Teams®
For nearly a decade, Diamond Teams has revolutionized how financial advisory firms build and train their advisory teams. Designed for growth-oriented firms, Diamond Teams is the leading ensemble organizational structure.
Diamond Teams enables growing advisory and wealth management firms to expand the training and knowledge of advisors at every level, faster. They help financial advisors be better at their jobs and more productive, while expanding the revenue, profit and enterprise value of the advisory firm.
√ Increase Advisor Productivity
√ Generate More Referrals
√ Better Retention of Financial Advisors
√ Effective Advisor Training
√ Profitability Serve Smaller Client Segments
√ Harder for Advisors to Leave and Take Clients
√ Facilitates Advisor Teamwork
√ More Attention to Key Clients
√ Easy Client Transfers to New Advisors
“Diamond Teams® started as a program to train new financial advisors and ended up solving many of the biggest challenges facing firms’ today.”
~ Angie Herbers, Founder & Managing Partner
How Diamond Teams® Work
Diamond Teams are a revolutionary way to organize financial advisors using the core principles of effective organizational strategy and behavior. Picture a baseball diamond: at the top, on second base is a senior advisor (usually the firm owner, partner, or rainmaker), on first and third bases are lead advisors (sometimes also called service advisors) who work directly with clients; and at the bottom on home plate is an associate advisor.
As the client base grows, the Diamond Team grows and expands naturally. Each advisor works together on clients creating stronger bonds with clients of the firm. We’ve found that Diamond Teams greatly reduces the risk of advisors leaving the firm, and taking clients with them. Clients who have grown used to, and come to appreciate the Team approach tend to think of “the Team” as their advisor, and are far less likely to follow one individual team member out the door.
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